Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Packaging Coating Additives market size was valued at USD 0.8 billion in 2022. The Packaging Coating Additives industry is projected to grow from USD 0.84 billion in 2023 to USD 1.25 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.09%
Demand from Packaging Industry: One of the primary drivers of the packaging coating additives market is the demand from the packaging industry. Packaging coating additives are essential ingredients in various types of packaging coatings used for food packaging, beverage packaging, pharmaceutical packaging, and consumer packaging. These additives improve the performance, functionality, and aesthetic appeal of packaging coatings, enhancing their durability, adhesion, scratch resistance, and printability. The increasing demand for innovative and sustainable packaging solutions drives market demand for packaging coating additives that meet regulatory requirements and consumer preferences for safe, attractive, and functional packaging.
Regulatory Compliance and Food Safety Standards: Regulatory compliance and food safety standards governing packaging materials and food contact materials influence market dynamics in the packaging coating additives market. Packaging coating additives need to comply with regulatory requirements and safety standards such as FDA regulations in the United States and EU regulations in Europe to ensure food safety, consumer health, and environmental sustainability. Manufacturers and suppliers of packaging coating additives need to adhere to regulatory standards and undergo testing and certification to ensure compliance with food contact regulations and packaging safety requirements.
Sustainability and Eco-Friendly Packaging: The emphasis on sustainability and eco-friendly packaging drives market demand for packaging coating additives that enable the development of environmentally friendly packaging solutions. Consumers, retailers, and brand owners are increasingly seeking packaging materials and coatings that minimize environmental impact, reduce carbon footprint, and promote recyclability and biodegradability. Packaging coating additives such as bio-based additives, water-based additives, and UV-curable additives offer sustainable alternatives to conventional additives, aligning with sustainability goals and regulatory mandates for eco-friendly packaging.
Technological Advancements and Product Innovation: Technological advancements in coating chemistry, formulation development, and additive technologies drive innovation in the packaging coating additives market. Manufacturers invest in research and development to develop advanced packaging coating additives with improved performance attributes such as barrier properties, heat resistance, anti-blocking properties, and antimicrobial properties. Innovative additive technologies such as nanotechnology, microencapsulation, and surface modification enable the development of high-performance packaging coatings that meet the evolving needs of end-users in various industries.
Consumer Preferences for Functional Packaging: Consumer preferences for functional packaging solutions drive market demand for packaging coating additives that enhance the functionality and performance of packaging materials. Packaging coating additives play a crucial role in improving the barrier properties, moisture resistance, and shelf life of packaged products, ensuring product freshness, safety, and quality. Consumers value packaging coatings that offer features such as easy-open seals, reclosable closures, and tamper-evident packaging, meeting their needs for convenience, usability, and product protection.
Brand Differentiation and Visual Appeal: Packaging coating additives contribute to brand differentiation and visual appeal in the retail environment, where packaging plays a crucial role in product presentation and consumer perception. Brand owners and retailers leverage packaging coatings to create distinctive packaging designs, graphics, and finishes that enhance product visibility, branding, and shelf appeal. Packaging coating additives such as pearlescent pigments, metallic inks, and matte coatings offer aesthetic enhancements that attract consumer attention and convey premium quality, driving product differentiation and purchase intent in competitive retail markets.
Global Economic Trends and Market Volatility: Global economic trends, market volatility, currency fluctuations, and geopolitical factors impact market dynamics and investment decisions in the packaging coating additives industry. Market players need to monitor and adapt to changing economic conditions and market uncertainties to mitigate risks and capitalize on emerging opportunities in the packaging coating additives market.
Raw Material Availability and Pricing: The availability and pricing of raw materials such as resins, pigments, additives, and solvents impact market dynamics in the packaging coating additives market. Fluctuations in raw material prices, supply chain disruptions, and geopolitical factors can influence production costs and pricing strategies, affecting market competitiveness and profitability for packaging coating additives manufacturers and suppliers.
Market Competition and Industry Consolidation: The packaging coating additives market is characterized by intense competition among key players, driving innovation, pricing strategies, and market consolidation efforts. Established manufacturers leverage mergers, acquisitions, and strategic partnerships to strengthen their market presence, expand product portfolios, and enhance competitive positioning. Market players differentiate their packaging coating additives based on performance attributes, formulation expertise, technical support, and customer service to gain a competitive edge in the market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 0.8 Billion |
| Market Size Value In 2023 | USD 0.84 Billion |
| Growth Rate | 5.09% (2023-2032) |
Packaging Coating Additives Market Highlights:
Global Packaging Coating Additives Market Overview
The Packaging Coating Additives market size was valued at USD 0.84 billion in 2023. The Packaging Coating Additives industry is projected to grow from USD 0.88 billion in 2024 to USD 1.25 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.44% during the forecast period (2024 - 2032). The increasing purchasing power of the middle-class population and rising packaged product demand will likely be the key market drivers intensifying the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Packaging Coating Additives Market Trends
-
Increasing demand for high-performance coatings is driving market growth.
Market CAGR for the past few years is expected to rise during the forecast period due to increased demand for high-performance coatings. As consumer demands high-quality products continue to rise, there is a growing need for packaging coating additives that deliver exceptional performance. Additives that improve coatings' scratch resistance, gloss, and adhesion properties are in high demand. These additives are particularly important for packaging applications that require high durability and protection, such as food and beverage packaging.
Focusing on sustainability has become a key concern for the packaging industry, with more companies adopting sustainable practices to reduce their environmental footprint. Packaging coating additives are no exception to this trend, as manufacturers look for ways to make their products more environmentally friendly. One approach is to use bio-based additives derived from renewable resources such as vegetable oils or starches. These additives have a lower carbon footprint and can be easily biodegraded. Another approach is to use additives that enable thinner coatings, which reduces the amount of material needed and waste generated.
Nanotechnology is increasingly being used in the packaging industry to enhance the properties of packaging materials and coatings. Nanoparticles such as silica, titanium dioxide, and silver are used as additives to improve packaging coatings' barrier properties, UV resistance, and antimicrobial properties. The use of nanotechnology in packaging coating additives is expected to continue growing as manufacturers seek to develop new and innovative solutions that can meet the evolving needs of the industry. Overall, the packaging coating additives market is expected to grow as manufacturers focus on developing sustainable, high-performance coatings. New technologies such as nanotechnology are increasingly adopted to drive the Packaging Coating Additives market revenue.
Packaging Coating Additives Market Segment Insights
Packaging Coating Additives Function Insights
The Packaging Coating Additives market segmentation, based on function, includes slip, anti-static, anti-fog, and antimicrobial. The slip category generated the most income during the forecast period. These additives reduce the coefficient of friction between packaging surfaces, improving the ease of handling and reducing the incidence of blocking or sticking between two surfaces.
Packaging Coating Additives Formulation Insights
The Packaging Coating Additives market segmentation, based on formulation, includes water-based, solvent-based, and powder-based. The water-based segment dominated the market. The coatings are formulated using water and are known for their environmental friendliness and low VOC emissions.
Packaging Coating Additives Application Insights
The Packaging Coating Additives market segmentation, based on application, includes food packaging and industrial packaging. The food packaging category generated the most income over the forecast period. Packaging coating additives are widely used in the food packaging industry to improve the performance and safety of packaging materials.
Figure 1: Packaging Coating Additives Market by Application, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Packaging Coating Additives Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is expected to rise rapidly in revenue and market. The region has a high demand for food and beverage packaging, driving the growth of the packaging coating additives market. The rising demand for feasible and eco-friendly packaging solutions is also expected to drive market growth in the region. Further, the US Packaging Coating Additives market held the largest market share, and the Canadian Packaging Coating Additives market was the fastest-growing market in North America.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, the Rest of Europe, China, Japan, India, Australia, the Rest of Asia-Pacific, the Middle East, Africa, and Latin America.
Figure 2: Packaging coating Additives Market SHARE BY REGION 2022 (%) 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Europe Packaging Coating Additives market is expanding significantly due to the increasing demand for sustainable and eco-friendly packaging solutions in the region. The European Union's strict regulations on plastic packaging are also driving the demand for packaging coating additives in the region. Further, the German Packaging Coating Additives market held the largest market share, and the UK Packaging Additives market was the fastest-growing market in the European region.
The Asia-Pacific Packaging Coating Additives marketwill dominate during the forecast period due to the increasing demand for packaged food and beverages in the region. The growth of the e-commerce industry in the region is also driving the demand for packaging coating additives. Moreover, China’s Packaging Coating Additives market held the largest market share, and the Indian Packaging Additives market was the fastest-growing in the Asia-Pacific region.
Packaging Coating Additives Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Company's Secretarial Software Market grow even more. Market participants also include various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Packaging Coating Additives industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Packaging Coating Additives industry to benefit clients and increase the market sector. Major players in the Packaging Coating Additives market, including Croda International PLC (UK), BASF SE (Germany), Clariant (Switzerland), 3M (US), Lonza Group (Switzerland), Arkema Group (France), Solvay (Belgium), Evonik Industries AG (Germany), Daikin Industries Ltd. (Japan), Akzo Nobel N.V. (The Netherlands), KAO Corporation (Japan), and others, are attempting to increase market demand by investing in research and development operations.
Aseptic processing was developed in 1927. A processing technique wherein commercially thermally sterilized liquid products (typically food or pharmaceutical) are packaged into previously sterilized containers under sterile conditions to produce shelf-stable products that do not need refrigeration. Aseptic processing involves three primary steps: thermal sterilization of the product, sterilization of the packaging material, and conservation of sterility during packaging. Aseptic Processing, where the liquid products are sterilized outside of a container before sterilizing the container itself, is gaining popularity as it drastically improves the shelf life of liquid products and beverages. Demand for this processing is set to increase year by year.
Biopolymers are natural polymers produced by the cells of living organisms. Like other polymers, biopolymers are monomeric units covalently bonded in chains to form larger molecules. In addition to their many essential roles in living organisms, biopolymers have applications in many fields, including the food industry, manufacturing, packaging, and biomedical engineering. Biopolymer film packaging is used in tetra packs, dry snacks, bakery goods, juice bottles, etc. CAGR is growing significantly in North America, and the rest of the world is also catching up as it is environment-friendly and doesn't alter the content of the food inside. Its market value is expected to surpass by 2025, with India and China leading the growth.
Key Companies in the Packaging Coating Additives market include
-
Croda International PLC (UK)
-
BASF SE (Germany)
-
Clariant (Switzerland)
-
3M (US)
-
Lonza Group (Switzerland)
-
Arkema Group (France)
-
Solvay (Belgium)
-
Evonik Industries AG (Germany)
-
Daikin Industries Ltd. (Japan)
-
Akzo Nobel N.V. (The Netherlands)
-
KAO Corporation (Japan)
Packaging Coating Additives Industry Developments
In January 2020: ProAmpac acquired Rosenbloom Groupe Inc., Hymopack Ltd., And Dyne-A- Pak, a business based in Canada that manufactures packaging products. This acquisition facilitates the expansion of ProAmpac in the region.In July 2023: Allnex launches new water-based coating additive for plastic packaging. The new additive, Ebecryl® Neo 479, is a water-based acrylic emulsion that is designed to improve the scratch resistance, flexibility, and adhesion of coatings for plastic packaging applications. It is also certified for food contact and migration, making it safe for use in food packaging.
Packaging Coating Additives Market Segmentation
Packaging Coating Additives Function Outlook
-
Slip
-
Anti-Static
-
Anti-Fog
-
Antimicrobial
Packaging Coating Additives Formulation Outlook
-
Water-Based
-
Solvent-Based
-
Powder-Based
Packaging Coating Additives Application Outlook
-
Food Packaging
-
Industrial Packaging
Packaging Coating Additives Regional Outlook
-
North America
-
US
-
Canada
-
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
